A Green Swan Event

[Karlysymon]

https://twitter.com/i/web/status/1485553034264514562

https://twitter.com/i/web/status/1462798146929573897

https://twitter.com/i/web/status/1531537967063437313

I saw this almost 2 weeks ago but hadn't yet looked into it and i think it deserves its own thread. Everyone has pretty much heard of a "black swan (event)", apparently there is a "green swan" that actually would warrant a conference co-organized by the big banks...namely BIS & the ECB. From Forbes:

"A “green swan” event is a climate event that is unexpected and rare, with far-reaching impacts. Combined with a more traditional financial crisis, a green swan event could theoretically threaten the stability of the global banking and insurance sector."

Considering TPTB are anticipating a "green swan event", it stands to reason that whatever climate disaster is set to transpire will most likely be a manufactured disaster. I think the recent Bilderberg meeting discussion topics have given us clues to work with and maybe a timeline. The obvious outcome of such a mega event would be "green finance" in the shape of carbon trackers and other green absurdities or controls.

Maybe it was appropriate for Jamie Dimon, as an insider, to employ a weather-related metaphor in describing what is up ahead economically. Because the Covid game was a health-related theatrical, the health agencies & publications (CDC, NIH, WHO, the Lancet etc) were compromised enough to peddle falsehoods to the detriment of many.
If there is going to be a weather event, learn lessons from the past because NASA, NOAA, WMO even the WHO aswell as weather-science journals will, again, be compromised enough to peddle an agenda to your own detriment....to say nothing of the religious leaders who will also seize the opportunity.

Many people, myself included, would never have imagined the covid game playing out as it has. If a green swan event is planned, then expect the unexpected....think the unthinkable, as a power play on their (TPTB) part. Consider everything, from the "mundane" like carbon footprint calculators to the implausible like instituting a theocracy...and everthing else in-between.

 

[Karlysymon]

Green Swan 2022

A conference co-organised by the BIS, ECB, NGFS and PBoC, 31 May - 1 June 2022

www.bis.org

What is a Green Swan? — The Green Swan Initiative

And what does it have to do with green finance?

www.greenswansg.org

But what exactly is a green swan? And what do green swans have to do with green finance?

"The term originates from the “black swan", made popular by the writer and philosopher Nassim Nicholas Taleb in his book The Black Swan: The Impact of the Highly Improbable. The black swan didn't refer to a “thing", certainly not a swan, but an event. This event had three main characteristics: first, it was extremely rare, lying outside of normal expectations (the term “black swan" originates from the Latin phrase rara avis in terries nigroque simillima cygno – “bird as rare as the black swan"). Second, it has an extreme, disproportionate impact. And thirdly, even though it could not be seen before the fact, us humans still come up with ways to rationalize it, thereby making it explainable and predictable. But this can only come after the fact.

The concept of the black swan therefore significantly reshapes how we think about risk. As Taleb tells us, history is driven by these black swans. But at the same time, we can't possibly see into the future. How can we prepare for events for which we can't even foresee? How can we alter our actions and behaviour accordingly in view of this?

Here we can see how the climate crisis looks very much like a black swan event. The consequences of climate change will undoubtedly be severe and extreme, but how that will look still remains largely uncertain. But there are also important differences, which led the Bank of International Settlements (BIS), in a groundbreaking report published in January 2020, to outline the concept of a green swan instead."

 

[Karlysymon]

Is it really 40 or 50yrs and not like 5 months? Are we to believe that TPTB are going to just sit around for 50yrs, waiting for a climate event to disrupt currency markets when they can easily manufacture a disaster to disrupt those very markets....a crisis that would be used to launch their digital currency?

https://twitter.com/i/web/status/1536727388251365378

 

[Karlysymon]

https://twitter.com/i/web/status/1541383340015640576

Parable of the broken window - Wikipedia

en.wikipedia.org

"The parable of the broken window was introduced by French economist Frédéric Bastiat in his 1850 essay "That Which We See and That Which We Do Not See" to illustrate why destruction, and the money spent to recover from destruction, is not actually a net benefit to society."

 

[Karlysymon]

2021
Climate change could ignite a financial crisis, IMF official says

"Climate change poses serious risks to the stability of the financial system, a senior International Monetary Fund official told CNN Business.Tobias Adrian, director of the IMF's monetary and capital markets department, said the climate crisis could "absolutely" ignite a financial crisis."
The climate crisis is slow in the making, but it's potentially disastrous," Adrian said in an interview from the sidelines of the Green Swan Conference, a virtual event focused on how the financial industry can take action against climate risks.

Adrian, a former official at the New York Federal Reserve Bank, pointed to how the economies of the Bahamas, Philippines and other nations have been crushed by hurricanes and typhoons in recent years.

"There are many countries where you see the climate catastrophe is catastrophic for the financial system," he said. "Even if you don't believe it's the central scenario, there is still quite a bit of downside risk. And risk management is all about making sure that even in the worst cases, you are able to survive.
US financial regulators, after taking a largely hands-off approach during the Trump administration, have only just begun to examine these risk factors. In December, the Fed formally joined the Network of Central Banks and Supervisors for Greening the Financial System, one of the co-sponsors of the Green Swan Conference. "

 

[Karlysymon]

2020
Something else will obviously take the fall/be scapegoated for the financial crash inorder to justify the carbon scores on your digital ID.

Bloomberg - Are you a robot?

www.bloomberg.com

Climate change threatens to provoke “green swan” events that could trigger a systemic financial crisis unless authorities act against such risks, according to the Bank for International Settlements.

“If they sit still and wait for other government agencies to jump into action, they could be exposed to the real risk of not being able to deliver on their mandates,” the authors argued.

Many central banks already contribute to the effort by monitoring climate-related risks through stress tests, incorporating environmental, social and governance criteria in pension funds, or working with banks on disclosing carbon-intensive exposure to assess potential financial-stability risks. Villeroy says that’s simply not enough however.

“The stark reality is that we are all losing the fight against climate change,” Villeroy said, advocating two solutions the European Central Bank could discuss in its upcoming strategy review: integrating climate change in all economic and forecasting models, and overhauling the collateral framework to reflect climate-related risks.

“If central banks are to preserve financial and price stability in the age of climate change, it is in their interest to help mobilize all the forces needed to win this battle,” he said.